PARIS, FRANCE : The future of fossil fuels — the leading source of planet-heating emissions — will face scrutiny at UN climate negotiations Monday with an under-fire Emirati oil chief poised to step into the driver’s seat. As the world struggles to limit warming to 1.5 degrees Celsius above preindustrial levels, pressure is on the […]
Climate Change
Costs and benefits of climate transition in India very unevenly distributed: Study – EQ Mag
New Delhi : The estimated costs and benefits of climate transition in India are very unevenly distributed across regions, according to a study which calls for urgent policy instruments to compensate for this disparity. The researchers noted that India is taking the first steps towards a climate transition with volume targets for the upscaling of […]
Exxon, Chevron shareholders soundly reject climate-related petitions – EQ Mag
HOUSTON : Exxon Mobil Corp and Chevron Corp shareholders on Wednesday overwhelmingly rejected calls for stronger measures to mitigate climate change, dismissing more than a dozen climate-related proposals at their annual meetings. The results supported the two largest U.S. oil producers in resisting pressure from investor groups calling for the pair to follow European rivals […]
IEA: Shift to clean energy accelerating, but coal investments too high to meet climate goals – EQ Mag
JAKARTA, Indonesia : Energy security concerns — worsened by the war in Ukraine — and policy support from rich countries are likely to help investments in clean energy outpace spending on fossil fuels, the International Energy Agency said in a report issued Thursday. But investments in coal are on course to rise by about 10% […]
Climate protesters try to storm stage at Shell’s annual shareholders meeting – EQ Mag
Dutch group Follow This, a small activist investor and campaign organization with stakes in several Big Oil companies, has tabled a resolution at Shell’s annual shareholder meeting. Climate Resolution 26 calls on the company to align its climate targets with the landmark Paris Agreement and commit to absolute carbon emissions cuts by 2030. Shell, meanwhile, […]
Promoting Readiness of Climate Resilient Investments in Cambodia – EQ Mag
ADB and the Nordic Development Fund established the Project Readiness Improvement Trust Fund to help design procurement ready, climate change responsive infrastructure projects. The Project Readiness Improvement Trust Fund supports infrastructure projects in Southeast Asia that help member countries mitigate and adapt to climate change and deliver their intended Nationally Determined Contributions to the Paris […]
Climate change: A fast-growing India has the world’s fate in its hands – EQ Mag
Once upon the time, India looked upon international climate meetings with something akin to distaste. Indira Gandhi played the role of malcontent at the 1972 Stockholm conference that kicked off modern environmental diplomacy, characterizing such concerns as a luxury for rich countries that poorer nations couldn’t afford to indulge. In 2009, then-Prime Minister Manmohan Singh […]
SEADS 2023: Call for Accelerated Climate Action Towards a Net-Zero ASEAN – EQ Mag
The Asian Development Bank (ADB) held its fourth Southeast Asia Development Symposium (SEADS) on 30 March 2023 in Bali, Indonesia, with a virtual broadcast of the event. SEADS was a key side-event of the ASEAN Finance Ministers and Central Bank Governors’ Meeting. SEADS 2023: “Imagining a Net-Zero ASEAN,” brought together more than 3,000 government officials, […]
Climate maths ‘doesn’t add up’ without carbon capture: COP28 chief – EQ Mag
Major international climate event kicks off in Abu Dhabi — 205 days before the UAE hosts COP28 The COP28 president-designate has called for collective action to transform, decarbonise, and future-proof economies as he addressed more than 1,500 policymakers, experts, and industry leaders at the UAE Climate Tech on Wednesday. “This forum aims to use the […]
Regional Cooperation Vital to Addressing Climate Change in Central and West Asia, Says ADB
INCHEON, REPUBLIC OF KOREA : Central and West Asia, and its neighboring countries, must work together to address increasingly severe impacts of climate change that could lead to water scarcity, food insecurity, and even conflict in the region, the Asian Development Bank (ADB) said today. “The recent, intense weather events in Central and West Asia […]